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This article applies to:

  • Product: UltraTax CS
  • Return type: 1040 Individual
  • Subject: Retirement

Enter distribution from an IRA rolled over into another IRA

To enter distribution from an IRA that was rolled over into another IRA, complete the following steps.
  1. On the
    1099R
     screen, enter the total distribution amount in the
    Gross distribution
     and
    Taxable amount
     fields.
  2. Enter the distribution code in the
    Distribution code
     field, and enter
    X
     in the
    IRA/SEP/SIMPLE
     field.
  3. Enter the amount of the total distribution rolled over in the
    Amount of rollover
     field.
UltraTax CS shows the total distribution amount on Form 1040, line 4a, and calculates the taxable amount (if any) after rollover on Form 1040, line 4b. The text
ROLLOVER
 prints to the left of the line.

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